Global Thermistor Market, By Type (Positive Temperature Coefficient (PTC), Negative Temperature Coefficient (NTC), Thin Film RTD), Application (Temperature Control, Temperature Monitoring, Industrial Electronics, Motor Drives, Power Supplies, Converters, Heat-Sink, Others), Industry Vertical (Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food and Beverages, Healthcare, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
These tiny devices are being highly deployed as they are known to be more sensitivity as compared to temperature sensors. Improved and better thermistors than other temperature sensing devices have emerged such as thermocouples, and thermometers, among others due to the innovations in the semiconductor industry.
Global Thermistor Market was valued at USD 84.75 billion in 2021 and is expected to reach USD 114.87 billion by 2029, registering a CAGR of 4.44% during the forecast period of 2022-2029. Negative Temperature Coefficient (NTC) accounts for the largest type segment in the respective market owing to their use in a majority of equipment where temperature is a factor. The automotive sector accounts for the largest segment in the end use industry owing to the high adoption of these sensors to ensure that air inside the car is optimally regulated.
Market Definition
A thermistor, also known as thermally sensitive resistor, refers to a type of resistor whose resistance largely depends on the temperature. This resistor is known to be a two-terminal solid state thermally sensitive transducer that is manufactured from sensitive semiconductor-based metal oxides. This design enables the product to change its resistance value in proportion to small changes in temperature.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Positive Temperature Coefficient (PTC), Negative Temperature Coefficient (NTC), Thin Film RTD), Application (Temperature Control, Temperature Monitoring, Industrial Electronics, Motor Drives, Power Supplies, Converters, Heat-Sink, Others), Industry Vertical (Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food and Beverages, Healthcare, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Texas Instruments Incorporated (US), Panasonic Corporation (Japan), Siemens (Germany), Honeywell International Inc. (US), ABB (Switzerland), Analog Devices, Inc. (US), General Electric Company (US), Kongsberg (Norway), Emerson Electric Co. (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), NXP Semiconductors (Netherland), Maxim Integrated (US) and Mouser Electronics, Inc. (US), Robert Bosch GmbH (Germany), TE Connectivity (Switzerland), OMEGA Engineering Inc. (US), Semiconductor Components Industries, LLC (US), Endress+Hauser Hauser Group Services AG (Switzerland), Amphenol Corporation (US), among others
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Market Opportunities
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Thermistor Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Use in Various Applications
The increase in the use of thermistor in portable and advance healthcare equipment acts as one of the major factors driving the growth of thermistor market. The rise in demand of temperature sensor in automotive industry has a positive impact on the market.
- Rising for temperature sensors in automotive sector
The market for temperature sensors has expanded in tandem with the increased need for reliability, comfort, and other innovative features in automobiles.
- Growing use in home and building automation
Sensors are an important part of the home and building automation network since they aid in notifying smart devices about their surroundings. Thermal sensors are one of the most common sensors used in home and building automation which will further accelerate the market growth.
Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the thermistor market.
Opportunities
Furthermore, development of advanced products along with rising usages of wearable devices extends profitable opportunities to the market players in the forecast period of 2021 to 2029. Also, increase in need of controlling temperature in food safety management will further assist in the expansion of the market.
Restraints/Challenges
On the other hand, easy availability of product substitute is expected to obstruct market growth. Also, volatility in raw material prices is projected to challenge the thermistor market in the forecast period of 2022-2029.
This thermistor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thermistor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Thermistor Market
COVID-19 has a major impact on the thermistor market. The factories in several countries witnessed shut downs in the initial stages of the pandemic as the governments implemented strict lockdowns in order to prevent the spread of the virus. In the post-pandemic, the lockdowns are being lifted and restrictions are being eased. Numerous companies were allowed to resume factory operations but at a limited capacity that use thermistor after the pandemic. The thermistor market is expected to gain its pace in the post-pandemic scenario owing to the easing on the restrictions.
Recent Developments
- Texas Instruments expanded its temperature sensing portfolio in February’2020. The expansion aimed at including linear thermistors that offer up to 50% higher accuracy in comparison with NTC thermistors.
Global Thermistor Market Scope and Market Size
The thermistor market is segmented on the basis of type, application and industry vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Positive Temperature Coefficient (PTC)
- Negative Temperature Coefficient (NTC)
- Thin Film RTD
Application
- Temperature Control
- Temperature Monitoring
- Industrial Electronics
- Motor Drives
- Power Supplies
- Converters
- Heat-Sink
- Others
Industry Vertical
- Chemical and Petrochemical
- Oil and Gas
- Energy and Power
- Automotive
- Food and Beverages
- Healthcare
- Others
Thermistor Market Regional Analysis/Insights
The thermistor market is analyzed and market size insights and trends are provided by country, type, application and industry vertical as referenced above.
The countries covered in the thermistor market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the thermistor market because of the presence of major key players within the region. Furthermore, the rise in the adoption of smart home applications will further influence the growth of the market.
Asia-Pacific is expected to show significant amount of growth because of growing manufacturing sector. Moreover, the easy availability of raw materials is further anticipated to boost the growth of the market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermistor Market
The thermistor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thermistor market.
Some of the major players operating in the thermistor market are
- Texas Instruments Incorporated (US)
- Panasonic Corporation (Japan)
- Siemens (Germany)
- Honeywell International Inc. (US)
- ABB (Switzerland)
- Analog Devices, Inc. (US)
- General Electric Company (US)
- Kongsberg (Norway)
- Emerson Electric Co. (US)
- STMicroelectronics (Switzerland)
- Microchip Technology Inc. (US)
- NXP Semiconductors (Netherland)
- Maxim Integrated (US)
- Mouser Electronics, Inc. (US)
- Robert Bosch GmbH (Germany)
- TE Connectivity (Switzerland)
- OMEGA Engineering Inc. (US)
- Semiconductor Components Industries, LLC (US)
- Endress+Hauser Hauser Group Services AG (Switzerland)
- Amphenol Corporation (US)
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